Tuesday, June 28, 2011

Intraday Market Tips


INTRADAY NIFTY STOCK : TODAY: Trend is up Today support is 5500-5475 break and trade below only further weakness, higher level resistance 5555-5560- crossover and trade above may test 5600-5625 in near term. Today Magic No. 5558.

BSE: TODAY: Today it will face resistance 18500 range and it will show strength only above that level, down side support 18132- 17940 watch out. Today Magic No. 18113. .

BANK NIFTY STOCK :  Today: Trend is up but it will show strength 11100 and may test 11200-11250, down side support is 10810 watch out and further weakness below that level. Today Magic No. 10910
Nifty Future : Today if cross 5555 and stay with volume - it will move further may test. .thereafter ... some supply can not be ruled out. 

Down side support if unable to trade above 5555 and started below 5530 may test 5500- 5485 thereafter
BSE index: (18412) 18313 a solid support, keep stop loss of 18268 to your buys. Upward side it'll spurt up further to 18556-18615, book profit on higher levels & go short keeping stop loss of 18673. In better scenario crossover above 18673 only it'll sustain on higher levels & flare up to 18733 & 18976-19020.

Downward side-break below 18268 it'll turn weak & fall down to 18149-18132 & 17988.

Nifty June Future: (5537) 5501 a solid support, keep stop loss of 5490 to your buys. Upward side it'll spurt up further to 5588, book profit on higher levels & go short keeping stop loss of 5609. In better scenario crossover above 5609 only it'll sustain on higher levels & flare up to 5647 & 5723, go short keeping stop loss of 5742.

Downward side break below 5490 it'll turn weak & fall down to 5444 & 5411.
CAN Bank: (526) Buy considering 520-518 a solid support keeping stop loss of 511. Upward side it'll spurt up to 531 & 538.

PFC: (184) Buy considering 181 a solid support keeping stop loss of 177. Upward side it'll spurt up to 190 & 195.

HDFC Bank: (2416) Buy considering 2405 a solid support keeping stop loss of 2380. Upward side it'll rush up to 2436-2440 initially. Crossover above 2440 it'll sustain on higher levels & flare up to 2483-2491 & 2534.

SBI: (2325) Buy considering 2295 a solid support keeping stop loss of 2262. Upward side it'll rush up to 2376-2385 & thereafter to 2423.

AXIS Bank: (1305) It'll rush up further to 1320-1329 initially where selling will be seen. In better scenario crossover above 1329 it'll sustain on higher levels & spurt up to 1355 & 1368. Downward side 1285 & 1265 solid supports.

KOTAK Bank: (456) Buy considering 451.50 a solid support keeping stop loss of 445. Upward side crossover above 458 it'll spurt up to 463 & 470.

KTK Bank, CENTRAL Bank & IND INFOLINE: Just buy.

HAVELLS: (385) Keep stop loss of 375 & buy.

BHEL: (1967) Buy considering 1954 a solid support keeping stop loss of 1931. Upward side it'll spurt up to 2009-2013.

L&T: (1786) It'll rush up further to 1815 & 1830, book profit on higher levels & go short keeping stop loss of 1858. Downward side 1753 & 1733 crucial supports.

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